HDFC Bank Merges With HDFC, Becomes World's 4th Largest Bank
The merger is expected to create significant synergies for the new bank. It is estimated that the merger will save the bank over $1 billion in costs each year.
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The merger was first announced in April 2022, and it was completed on June 30, 2023. The combined bank has over 5,500 branches and 16,000 ATMs across India. It also has a presence in 17 countries around the world.
The merger is expected to create significant synergies for the new bank. It is estimated that the merger will save the bank over $1 billion in costs each year. The merger is also expected to boost the bank's lending capacity and its ability to attract new customers.
The merger of HDFC Bank and HDFC is a major event in the Indian banking industry. It is the largest merger in the history of the Indian banking sector, and it is expected to have a significant impact on the Indian economy.
